[Voted into the WP at the February, 2012 meeting; moved to DR at the October, 2012 meeting.]

Proposed resolution (August, 2011):

Change 9.9 [namespace.udecl] paragraph 14 as follows:

If a function declaration in namespace scope or block scope has the same name and the same parameter types parameter-type-list (9.3.4.6 [dcl.fct]) as a function introduced by a using-declaration, and the declarations do not declare the same function, the program is ill-formed. If a function template declaration in namespace scope has the same name, parameter-type-list, return type, and template parameter list as a function template introduced by a using-declaration, the program is ill-formed. [Note: Two using-declarations may introduce functions with the same name and the same parameter types parameter-type-list. If, for a call to an unqualified function name, function overload resolution selects the functions introduced by such using-declarations, the function call is ill-formed. [Example:...

The Standard does not appear to specify what happens for code like the following:

    namespace one {
      template<typename T> void fun(T);
    }

    using one::fun;

    template<typename T> void fun(T);

9.9 [namespace.udecl] paragraph 13 does not appear to apply because it deals only with functions, not function templates:

If a function declaration in namespace scope or block scope has the same name and the same parameter types as a function introduced by a using-declaration, and the declarations do not declare the same function, the program is ill-formed.

John Spicer: For function templates I believe the rule should be that if they have the same function type (parameter types and return type) and have identical template parameter lists, the program is ill-formed.